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Nigeria’s $4 Billion Renewable Energy Transition by 2050: A Sustainable Development Drive

Nigeria aims to transition to renewable energy sources by 2050, requiring an investment of $4 billion, according to Dr. Mustapha Abdullahi, head of the Energy Commission of Nigeria (ECN). The ECN is actively engaging with companies to attract investments in clean energy projects, emphasizing the importance of creating a conducive environment for investors. Abdullahi highlighted the allocation of 500 hectares of land by the Federal Capital Development Authority for renewable energy initiatives, including the establishment of a Tech city promoting solar and renewable energy plants. The commission is focused on raising public awareness about the benefits of sustainable energy practices to combat climate change. In alignment with this goal, the Nigerian National Petroleum Company (NNPC) Limited has committed to reducing methane emissions and achieving zero-flare operations by 2030, as part of efforts to reach net-zero emissions by 2050. The push towards renewable energy and energy efficiency is seen as crucial for driving sustainable development in Nigeria’s energy sector.

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